Live the Gulf Life on Florida’s Emerald Coast

HighRise

7205 Thomas Drive 1206

Panama City Beach, FL 32408

MLS#: 788474

$684,000

Status: Active
Listing number: 788474
Listing provided by: Blue Bird Woliver Realty
Listing agent phone: None
Last update: 15 hours ago
On site: 4 months ago
Browse Properties
Dunes Of Panama Phase V - Residential

Property

Beds

3

Full Baths

2

1/2 Baths

None

Year Built

1985

Sq.Footage

1,975

Rare Gulf-Front Corner Unit | Huge Wrap-Around Balconies | Perfect Renovation Opportunity | 2026 Rental income 72k YTD and projections after renovation 100k+. Renovate in the off season to capture rents for 2027 season. This is the dream property for someone who wants to put their own stamp on a true gulf-front unit. Located in the highly desirable Building E, this rare corner/end unit offers approximately 1,975 sq ft of heated living space with expansive panoramic emerald-green views. Floor-to-ceiling glass sliders open to huge wrap-around balconies from all three gulf-front bedrooms and the living room, flooding the entire unit with natural light and stunning views. The living area features a full wall of glass overlooking the Gulf, and the kitchen is positioned to enjoy the gulf views as well, allowing you to cook while watching the beach. The thoughtful split floor plan provides excellent privacy, with the master suite separated from the guest bedrooms. A flexible bonus room off the master can easily become a walk-in closet, office, or additional sleeping space. The unit comfortably sleeps 10-14 guests depending on configuration. A new outer shell has already been installed, so the expensive exterior work is complete. This unit is a true blank canvas with strong bones, incredible views, and substantial balcony space -- ready for your personal finishes. Resort amenities include beachfront bar & grill, two heated pools, tennis and pickleball courts, gated security, direct beach access, and deeded covered parking. Short-term rentals are allowed, making this an excellent candidate for a high-performing vacation rental once updated, or a spectacular second home you can fully customize.

Features & Amenities

Interior

  • Total Bedrooms

    3

  • Bathrooms

    2

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Central

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    1

  • Other Exterior Features

    Balcony

  • Pool

    Yes

  • Pool Features

    Electric Heat, Community

  • Waterfront YN

    YES

  • View

    Water

Area & Lot

  • Lot Features

    Waterfront

  • Property Type

    Residential

  • Property Sub Type

    Condominium

  • Architectural Style

    HighRise

Price

  • Sales Price

    $684,000

  • Sq. Footage

    1,975

  • Price/SqFt

    $346

HOA

  • Association

    YES

  • Association Fee

    $1,646

  • Association Fee Frequency

    Monthly

  • Association Fee Includes

    N/A

School District

  • Elementary School

    Patronis

  • Middle School

    Surfside

  • High School

    Arnold

Property Features

  • New Construction

    YES

  • Association Amenities

    Pool, Gated, Maintenance Grounds, Security, Tennis Court(s), Water

  • Sewer

    Public Sewer

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Location

County

Bay

Elementary School

Patronis

Middle School

Surfside

High School

Arnold

Listing Courtesy of Kristy A Woliver , Blue Bird Woliver Realty

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Agent Dee Anderson

REALTOR®

Dee Anderson

Call Dee today to schedule a private showing.

(256) 613-6570

deeandersonrealtor@gmail.com


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Rare Gulf-Front Corner Unit | Huge Wrap-Around Balconies | Perfect Renovation Opportunity | 2026 Rental income 72k YTD and projections after renovation 100k+. Renovate in the off season to capture rents for 2027 season. This is the dream property for someone who wants to put their own stamp on a true gulf-front unit. Located in the highly desirable Building E, this rare corner/end unit offers approximately 1,975 sq ft of heated living space with expansive panoramic emerald-green views. Floor-to-ceiling glass sliders open to huge wrap-around balconies from all three gulf-front bedrooms and the living room, flooding the entire unit with natural light and stunning views. The living area features a full wall of glass overlooking the Gulf, and the kitchen is positioned to enjoy the gulf views as well, allowing you to cook while watching the beach. The thoughtful split floor plan provides excellent privacy, with the master suite separated from the guest bedrooms. A flexible bonus room off the master can easily become a walk-in closet, office, or additional sleeping space. The unit comfortably sleeps 10-14 guests depending on configuration. A new outer shell has already been installed, so the expensive exterior work is complete. This unit is a true blank canvas with strong bones, incredible views, and substantial balcony space -- ready for your personal finishes. Resort amenities include beachfront bar & grill, two heated pools, tennis and pickleball courts, gated security, direct beach access, and deeded covered parking. Short-term rentals are allowed, making this an excellent candidate for a high-performing vacation rental once updated, or a spectacular second home you can fully customize.

7205 Thomas Drive 1206

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